Satcon Receives 150 MW Order from GCL Solar for Installations in China

Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced an order for 150 megawatts of its 500kW solar PV inverters from GCL Solar Limited, one of China’s largest utility solar power plant developers and suppliers. This deal marks the second phase of Satcon’s partnership with GCL that was established in 2009, linking two of the industry’s most innovative renewable energy suppliers and developers.

“Their projects have set the new standard in utility scale solar design and installation, and mark a new chapter in the global solar photovoltaic power industry. We are honored to partner with GCL and be a part of this world class team of solar power leaders.”

Satcon will begin supplying the inverters in April, with all deliveries scheduled for completion in October of 2010. Satcon’s 500kW units will be used on multiple utility scale projects across China and will build on the already successful collaboration between the two companies, which includes the 3MW and 20MW power plants completed in December of 2009, China’s largest rooftop and ground mounted installations respectively.

“The foundation of China’s large scale photovoltaic industry has been firmly established over the past year and the market is now entering its next phase in both project sophistication and scale,” said Dr. Gu Huamin, General Manager of GCL Solar Limited. “As we move forward the balance between technology innovation, system stability, and overall system efficiency becomes paramount to the successful integration of solar power onto China’s national grid.”

“GCL is one of the world’s most progressive large scale solar innovators,” said Steve Rhoades, Satcon’s President and Chief Executive Officer. “Their projects have set the new standard in utility scale solar design and installation, and mark a new chapter in the global solar PV power industry. We are honored to partner with GCL and be a part of this world class team of solar power leaders.”

“Our partnership with Satcon has helped us deliver many of China’s largest installations each successfully achieving the highest levels of performance and reliability,” continued Dr. Gu Huamin. “Satcon is a trusted partner of GCL and continues to deliver the world’s most advanced and highest quality utility scale solar inverter solutions. We look forward to working closely with Satcon to address the needs of the global utility scale solar market as we continue to build on the successful foundation we have developed together.”

Satcon Technology Corporation is the leading provider of utility scale power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 24 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, and energy storage systems.

GCL Solar Limited, part of the GCL Group, is located in Nanjing China and covers an area of more than 330 thousand square meter of PV base. The company has established business academicians’ workstations and post-doctoral research station. GCL Solar has a complete professional engineering and technical personnel of more than 300 people that has project implementation experience with strong solar technology of research and development, engineering design, equipment manufacturing, systems integration and turn-key project of PV power plant.

GCL Solar Limited specializes in consulting, design, system integration and total project contracting services of all kinds of solar system, such as medium and large sized of on–grid solar power plants, small–scale off–grid power PV systems, PV/wind power hybrid generating system, BIPV, BAPV rooftop systems engineering project and so on. The company has successful completed the largest PV power plant (20MW) on the ground and the largest BAPV (3MW) project in China that is guided by General Manager Dr. Gu Huamin since 2009.

www.Satcon.com 

www.gcl-eng.com 

www.gcl-solar.cn